Author: Abhishek Bhalla
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Chinese Traders’ Stocks Slip Further by 5.3% W-o-W
Stocks of the five major steel items held by traders in 132 major cities across China checked by Mysteel declined for a sixth successive week over April 17-23, shrinking by 5.3% on week, mainly because end-user demand remains stable. However, concerns about oversupply are keeping market watchers cautious about future steel-price trends, survey respondents admitted.…